Finance & investing
Investors perceive a stock's performance as impressive or disappointing based primarily on what other stocks in their portfolio recently did, rather than evaluating returns against objective benchmarks. Similarly, a fee of $200 seems trivial when presented alongside a $50,000 purchase, leading to uncritical acceptance of add-on costs.
Medicine & diagnosis
A patient's reported pain level or symptom severity can be rated differently by clinicians depending on the previous patient they treated. After treating a patient with an acute, life-threatening emergency, a physician may unconsciously downgrade the urgency of the next patient's moderate symptoms, potentially leading to delayed treatment.